Spruce House Investment Management LLC 13F holdings, Q1 2025
Holdings as of March 31, 2025 · filings on SEC EDGAR · latest filing →
Spruce House Investment Management LLC disclosed 9 US equity positions worth $1.9bn in its Q1 2025 13F filing. The largest position was CVNA at 39.2% of the reported book, followed by APP and GXO. Against the Q4 2024 filing, it opened 1 new position, added to 2 and reduced 2 among the top 9 holdings.
What did Spruce House Investment Management LLC own in Q1 2025? Top 9 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2024 |
|---|---|---|---|---|---|---|---|
| 1 | CVNA CARVANA CO | Consumer Cyclical | 39.2% | $754.6m | 3,609,288 | -27% | reduced |
| 2 | APP APPLOVIN CORP | Communication Services | 28.3% | $545.0m | 2,057,024 | -34% | reduced |
| 3 | GXO GXO LOGISTICS INCORPORATED | Industrials | 8.6% | $166.2m | 4,253,997 | 103% | added |
| 4 | CIGI COLLIERS INTL GROUP INC | Real Estate | 8.2% | $157.5m | 1,301,133 | 0% | held |
| 5 | CNM CORE & MAIN INC | Industrials | 6.1% | $118.4m | 2,450,000 | 63% | added |
| 6 | CMPR CIMPRESS PLC | Industrials | 4.8% | $93.1m | 2,058,904 | 0% | held |
| 7 | W WAYFAIR INC | Consumer Cyclical | 3.6% | $69.8m | 2,180,385 | 0% | held |
| 8 | QXO QXO INC | Industrials | 0.6% | $11.0m | 813,009 | – | new |
| 9 | DKNG DRAFTKINGS INC NEW | Consumer Cyclical | 0.5% | $10.0m | 300,000 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.